Latest / Newsquawk Rundown, Daily Podcast
US Market Open: Brent -7%, USD weaker as US pauses strikes on Iran; Equities benefit with NQ outperforming
European bourses are firmer following a similar APAC lead, as oil prices and yields slumped on the lack of US-Iran weekend action.Crude oil and gas futures were weighed down by the US not striking Iran over the weekend. Metals benefit across the board.However, US CENTCOM commander Cooper advised the Pentagon and the White House that the next possible step is to return to a large-scale military operation.Fixed income markets are higher; US focus turns to supply & midterms. No move to German Ifo or ECB speak. In FX, the DXY is softer to the benefit of G10 peers, although petro-currencies fail…
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